This raise is also very small with a repeat in 12 months if everyone exercises the free attaching option on time and a piggyback option further down the track as well. We will have zero capital adequacy issues for the duration of the claws contract … hmm. All makes sense now as I write. At the end of the 5 year CLAWS contract we will have plenty of new customers and orders will be flowing nicely. The share price should be much higher and we have certainty. This is seriously a smart move by the company. Excellent structure to guarantee our financial stability for the duration of CLAWS funding. Then on top of that we get ATO R&D rebates. Brilliant. Sellers under 10c will look foolish very soon I bet.
BLG Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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